Thursday, Sept. 7
Protecting Digital Assets
Presented by Joshua S. Miller, Esq., CFP®, and Amy R. Lonergan, Esq.
This program will discuss the importance of managing digital property and cybersecurity risks as an integral part of estate planning and wealth management. Proper cybersecurity is critical to prevent online fraud, financial theft and identity theft. We will offer several precautions clients can and should take to protect their digital assets, as well as tips on planning for digital assets in the context of an estate plan, and an overview of current law on this important and evolving topic.

Tuesday, Sept. 12
New Partnership Audit Regulations
Presented by James Lynch, Esq., CPA
Listen to a discussion on the new IRS regulations on partnership audits. We will discuss the Tax Equity and Fiscal Responsibility Act rules (old rules) and the new rules. We will compare and contrast the two sets of rules. Finally, we will discuss the effect of the new rules on tax practice.

AAA-CPASocial media can be a powerful tool to build brand awareness for your firm and help elevate your status as an expert in your respective field. Yet attorneys and CPAs always need to keep in mind possible breaches of ethics rules when it comes to web interactions. Due to the rapid growth of social media and the often slow process of drafting new regulations, the American Bar Association and American Institute of CPAs are still behind on formal social media guidelines. However, that does not mean you have free reign to use your business accounts in any way you please. Many state bar associations have already begun adopting their own rules regarding professional conduct on social media. This should not deter you from tapping into the power of social networks, but should instead invite caution and common sense as you try to capitalize on the opportunities social media presents. Lawyers and CPAs are well aware of the guidelines that apply to advertising. From the ban of certain words like “advice” and “specialist” or the limitations that can apply to using testimonials, there are countless restrictions about what is allowed and not allowed in legal and accounting advertisements depending on the state.READ MORE

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Accounting TodayA recent ruling striking down the fees charged by the Internal Revenue Service for the ID numbers it requires tax preparers to have has some practitioners rejoicing — and others wondering about its ramifications.
In early June, a federal district court — the same that ruled four years ago in Loving v. IRS — ruled in favor of preparers who filed a class-action lawsuit over the Preparer Tax Identification Number. The IRS may need to refund hundreds of millions of dollars in fees collected.READ MORE

BloombergPresident Donald Trump has promised the largest tax cut in history, but for scores of the biggest U.S. corporations, it might be just a tax nick.
Constrained by congressional rules, political concerns and simple arithmetic, Republican leaders in Washington, D.C., have yet to announce any consensus on how to finance the deep corporate tax cut they want, beyond vague plans to close off business-related loopholes.READ MORE

NewserMitch McConnell still hopes to get a revised health care plan to the Congressional Budget Office so it can be assessed over the holiday break, and one compromise in the works would keep in place a tax on the wealthiest Americans. Details on that and other key points, as McConnell tries to appease moderates who think the bill is too aggressive and conservatives who think it's not aggressive enough.READ MORE

CNSNews.com Unless current laws are changed, federal individual income tax collections will increase by 9.5 percent in fiscal 2018, which begins Oct. 1, according to data released by the Congressional Budget Office.
At the same time, however, the federal debt will increase by more than $1 trillion.READ MORE

Fox NewsIllinois isn't the only state dealing with financial headaches these days. Connecticut, too, is facing big budget problems as major corporations flee the state's high taxes and its fiscal future gets murkier by the day.
While Illinois is facing the possibility its credit rating hitting "junk" status, Connecticut has the distinction of the third-worst ratings in the country — behind Illinois and New Jersey. READ MORE

Tax FoundationRecently, two tax bills were approved by the Delaware Legislature and three bills were introduced. Facing a $386 million shortfall in 2018, the state is desperate for new sources of revenue. Along with a proposal to eliminate the estate tax, the state is considering four other revenue-raising proposals in a broad attempt to cover the deficit.
READ MORE